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Disclaimer: This is not legal advice. Legislation and case law change. Always consult a qualified solicitor for your specific situation.

UK Law Reference
All sections of Financial Services Act 2021
2021 c. 22, s.20

Section 20 — Extension of transitional period for benchmarks with non-UK administrators

This version in force from 2021-07-01

Snapshot: 2026-08-24

Reproduced from legislation.gov.uk (Crown Copyright, Open Government Licence v3.0). Amendments made after 2026-08-24 may not be reflected — always check the official text .

(1) Article 51(5) of the Benchmarks Regulation (transitional provision for benchmarks with administrators located in a country outside the UK) is amended as follows.

(2) In point (a), for “31 December 2022” substitute “ 31 December 2025 ”.

(3) In point (b)—

(a) for “1 January 2023” substitute “ 1 January 2026 ”, and

(b) for “31 December 2022” substitute “ 31 December 2025 ”.